The BTC-Stock Correlation at Its Peak. When Will It End? The 4 Top Gainers in DeFi

The most important developments in the crypto world in 2021 were the entry of institutional investors like Tesla, Wall Street banks, and hedge funds into the space. Institutional investors were not only a sign of mainstream acceptance, but also seemed to drive up prices. Cryptocurrency’s market capitalization grew 185% in 2021, a boom year for the industry. The latest crypto market crash has erased $1.25 trillion from the industry’s all-time high market cap, raising the question: are institutional investors worsening the situation? Crypto markets have become increasingly correlated with the…

Top Shot creator unveils $725M fund to support Flow ecosystem

The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular NBA Top Shot NFT collection. Flow utilizes an eco-friendly proof of stake (PoS) consensus algorithm. The new fund was backed by 17 firms that have experience backing other Web3 companies, including large investment firms a16z, Spartan Group, and CoinFund.…

Bitcoin Volatility Fades Away; Analyst Who Predicted Bitcoin Drop to 35000 Points Out Top Most Promising Privacy Coins

In terms of seasonality, May is considered a relatively successful month for BTC. Given the current risk aversion among investors and the macroeconomic environment, this May may prove to be different.    Those accustomed to Bitcoin’s extreme volatility are scratching their heads and looking forward to a rally similar to that of last year when the flagship cryptocurrency doubled in price from July to November’s all-time high. What happened to Bitcoin’s legendary volatility? The following are a few possible explanations.    BTC Is Still Correlated, But to a Lesser Degree…

What are the top 3 trending altcoins to buy in 2022

The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the top three trending altcoins you might want to consider looking at in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each of them makes…

UAE top brands test Web3 – News

Reuters Metaverse and Web3 innovations are transforming the fundamental operating approach of the virtual world. Published: Sat 23 Apr 2022, 11:07 PM Last updated: Sat 23 Apr 2022, 11:10 PM Web3 is here to stay and it’s time you do some self-study before you retreat to the cave of ignorance. Terms like distributed ledger technology (DLT), blockchain, cryptocurrency, tokens, non-fungible token (NFT), decentralised autonomous organisation (DAO), metaverse, and many jargons that may sound new are the basic in the world of XR (extended reality). So the rush is real and…

Are These Top 5 Crypto Losers Just Struggling to Recover or Doomed to Fail?

The crypto market is currently trapped because it moves in lockstep with debt-based and risky equity markets. A correlation this strong and a stock market that isn’t looking hot at the moment are to blame for the current weakness in crypto markets.    Even though there is a counter-narrative based on the reality of decentralized digital networks, the crypto market mimics the movements of the stock market and is under the same pressure. Those factors include inflation, fear of the recession, rising commodities prices, the Fed’s aggressive policy, and the…